Whale "First Set Ten Big Goals": It Will Become Increasingly Rare to See Bitcoin Below $60,000 in the Future

Odaily reports that the whale "First Set Ten Big Goals" posted on platform X, stating that after closing their short position, they quickly re-established a long position because their medium-to-long-term outlook has not changed. They believe the key demarcation zone of the previous bull market was around $60,000, and currently, the mainstream mining cost for Bitcoin is roughly concentrated in the $50,000 to $60,000 range. Last month, Bitcoin quickly recovered after dipping to a low of $58,000, validating the support level in this area. They believe that, barring systemic risks or major fundamental changes, the risk-reward ratio of continuing to short at the current level is not favorable. After Bitcoin completed its consolidation and hand-changing in the $58,000 to $63,000 range, it finished its correction and firmly re-established support around $66,000. The market now has the conditions for further upward movement, and they do not rule out the possibility of a strong bullish candle pushing Bitcoin past $72,000.

They also stated that the current valuation of the US stock market, especially the AI-related sectors, is relatively high, which could lead to increased volatility in the future. Furthermore, the correlation between Bitcoin and US stocks has significantly decreased compared to previous cycles. With continued institutional capital inflows and the strengthening of Bitcoin's asset attributes, Bitcoin is gradually forging its own independent market trend.

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